As a seasoned crypto investor with over a decade of experience in the industry, I’ve seen my fair share of trends come and go. But one thing that continues to impress me is the resilience and adaptability of the crypto community. Vitalik Buterin’s response to Joe Weisenthal’s post about the shift away from idealistic initiatives in crypto was both insightful and encouraging.
According to Ethereum‘s co-founder Vitalik Buterin, the cryptocurrency world hasn’t yet given up on its visionary projects.
As a crypto investor, I’d say: In response to Joe Weisenthal’s intriguing post on Bloomberg’s “Odd Lots” podcast, I, Ethereum’s Vitalik Buterin, shared my perspective that the cryptocurrency community has made significant strides in realizing our vision of an open internet within the crypto sphere.
Reflecting on recent developments, it’s astonishing how the crypto landscape has evolved over the past 5-6 years. Previously, there were idealistic visionaries advocating for concepts like decentralized governance on the blockchain, universal basic income, or an open internet. These discussions have largely faded away. Now, we predominantly focus on financial investments and meme coins.
Although Buterin cited Farcaster, a socially-focused protocol utilizing Optimism, as an illustration of decentralized initiatives, this project has a modest user base. Remarkably, it secured $150 million in funding earlier in the year. Furthermore, Lens Protocol was brought up by Buterin as another instance. This decentralized social media platform empowers users to own their content.
As a researcher studying the world of cryptocurrency and blockchain technology, I’ve come across an intriguing funding mechanism championed by Ethereum co-founder Vitalik Buterin – quadratic funding. This democratic approach to financing projects is rooted in quadratic voting, enabling us to distribute resources based on the collective voice of the wider crypto community.
He’s also highlighted Zupass, a private cryptocurrency manager, which keeps user identities hidden and offers methods for securely sending Ethereum using technologies like zero-knowledge proofs (ZKPs) and zero-knowledge voting.
As a researcher studying the Ethereum community, I’ve noticed that despite the popularity of meme coins, the core values of decentralization and privacy remain strong within the Ethereum ecosystem.
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2024-06-19 21:36